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Intrinsic co-founder to chair £450m merged wealth firm

Intrinsic co-founder to chair £450m merged wealth firm

Boutique investment house Apollo Multi Asset Management has merged with financial planning business Total Wealth Planning to create a business with £450 million of assets under management.

The combined firm has been branded Apollo MAM Group and has recruited Kevin Ronaldson (pictured), co-founder of both Intrinsic Financial Services and Bellpenny, as chair.

Apollo, led by former Wealth Manager cover stars Steve Brann, Craig Wetton and Ian Willings, provides both fund and discretionary fund management and the combination of the two companies creates a full service wealth propostion.

Brann, Apollo’s chief investment officer, said: ‘We have known Simon and his team for many years and this is the natural next step in an enduring professional partnership built on mutual trust and client opportunity.

‘We have a long term vision to develop a fully integrated wealth management business for the modern, post-RDR world with the client at the centre and front of everything that we do, combined with excellence in investment management and a fantastic team at our heart.'

Total Wealth Planning chief executive Simon Youlton said: ‘For our clients, our team and me personally this merger is a progressive step built on years of trust and credibility achieved throughout a professional working relationship with Apollo spanning more than a decade.

‘Together we are able to offer our clients many additional services in an efficient and streamlined way through leveraging our combined capabilities.’

Ronaldson added: ‘I have watched the growth of both companies from afar over several years and am delighted to now chair the new group and help lead their ambitious plans for the future.

‘I expect them to set an industry benchmark for professional advice and client service combined with investment insight and support. I am clear that we are on a very exciting journey.’

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